SHA:603991 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-30.53	-44.42	-16.82	-53.43
Depreciation & Amortization	13.63	14.59	12.54	12.97
Other Amortization	0.91	0.74	0.87	1
Loss (Gain) From Sale of Assets	-	-	0.03	-0.39
Asset Writedown & Restructuring Costs	0.55	19.75	0.02	-
Loss (Gain) From Sale of Investments	-0.74	-13.18	-20.94	-
Provision & Write-off of Bad Debts	4.08	19.17	19.7	32.24
Other Operating Activities	26.49	13.56	3.42	4.28
Change in Accounts Receivable	-101.13	-55.57	-24.87	128.83
Change in Inventory	23.63	11.42	-8.02	20.22
Change in Accounts Payable	34.17	-10.53	-1.07	-33.24
Operating Cash Flow	-26.77	-41.86	-39.63	110.3
Operating Cash Flow Growth	-	-	-	64.65%
Capital Expenditures	-0.06	-0.25	-	-0.39
Sale of Property, Plant & Equipment	-	-	-	0.73
Cash Acquisitions	-	-97.74	-4.77	-
Divestitures	-	-	29.91	-
Investment in Securities	0.12	-	-	-
Other Investing Activities	13.23	-	-	-1.02
Investing Cash Flow	13.29	-97.99	25.14	-0.69
Long-Term Debt Issued	92.5	199.5	14.5	90
Total Debt Issued	92.5	199.5	14.5	90
Short-Term Debt Repaid	-	-10	-	-
Long-Term Debt Repaid	-70.5	-57.5	-20.5	-152.4
Total Debt Repaid	-70.5	-67.5	-20.5	-152.4
Net Debt Issued (Repaid)	22	132	-6	-62.4
Common Dividends Paid	-9.87	-3.33	-3.19	-4.52
Other Financing Activities	0.99	14.56	-	-
Financing Cash Flow	13.12	143.23	-9.19	-66.92
Foreign Exchange Rate Adjustments	0.07	0.05	-	-
Net Cash Flow	-0.29	3.42	-23.68	42.69
Free Cash Flow	-26.83	-42.11	-39.63	109.91
Free Cash Flow Growth	-	-	-	65.00%
Free Cash Flow Margin	-7.36%	-17.59%	-30.60%	85.77%
Free Cash Flow Per Share	-0.36	-0.56	-0.53	1.47
Cash Interest Paid	0.07	0.07	0.01	-
Cash Income Tax Paid	11.28	9.9	2.68	5.55
Levered Free Cash Flow	-15.4	-59.58	-31.52	126.02
Unlevered Free Cash Flow	-8.6	-54.96	-29.53	128.7
Change in Working Capital	-41.16	-52.07	-38.46	113.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.